PENGARUH LABA BERSIH OPERASI DAN ARUS KAS OPERASI TERHADAP DIVIDEN TUNAI PADA PERUSAHAAN SEKTOR FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

When deciding whether to distribute profits as retained earnings or dividends, companies that choose to do so must take into account a number of variables. This study aims to ascertain the impact of operating net income and operating cash flow, both independently and simultaneously, on cash dividends in businesses in the construction subsector. This study uses a quantitative approach that utilizes secondary data to formulate causally related associative problems. The independent variables in our analysis are operating cash flow and operating net income. The variable studied is Cash Dividend. Pharmaceutical businesses listed on the IDX are the study population. Purposive sampling is a strategy used to conduct sampling based on pre-existing criteria. Data normalization test, multiple correlation, multiple linear regression, product moment correlation, t-test, and f-test as well as coefficient of determination analysis are the techniques used in the data analysis of this study. The findings of the study indicate that net income affects cash dividends while operating cash flow does not. In addition, pharmaceutical companies listed on the Indonesia Stock Exchange may be directly affected by the allocation of cash funds.